The preparation and negotiation of Dilapidations claims is not just a Building
Surveying matter. Achieving the optimum settlement demands a thorough knowledge
of relevant Case Law, an understanding as to how this impacts on the various
repairing covenants found in leases and the limitations imposed by statute, coupled
with an appreciation of market trends, property and investment values.
ART are acknowledged as one of the few firms experienced in
providing Section.18(1) Valuations for Dilapidations, or Assessments of Diminution in
Value and have dealt with major claims for both landlords and tenants on a wide range
of properties countrywide.
ART also specialise in providing strategic advise to both landlords and
tenants on how best to pursue or defend a Dilapidations claim. We are also
experienced in providing Independent Expert Witness advice the the Court in the
event of litigation.
Not so dilapidated
Acting on behalf of Tesco, as a tenant of a former store, we achieved a reduction in a landlord’s dilapidations claim from £250,000 to nil.
Acting on behalf of Kodak, we negotiated a substantial reduction in a terminal dilapidations
claim. The landlord’s claim was reduced from £235,000 to £40,000.
Clients vacating a substantial office building in Central london at the end of a long full-repairing lease were faced with a dilapidations claim of £1.3 million from their landlords. We represented the tenants in negotiations which resulted in a settlement at a figure of £200,000.
For further information contact:
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David B Shortall
davidshortall@artsurveyors.co.uk
DDI: +44 (0)20 7034 3384 |
Nigel M Lenson
nigellenson@artsurveyors.co.uk
DDI: +44 (0)20 7034 3385
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